Macau shut all its casinos for the first time in more than two years, sending shares in gaming firms tumbling as authorities struggle to contain the worst coronavirus outbreak yet in the world's biggest gambling hub
Macau has recorded around 1,500 COVID-19 infections since mid-June. Around 19,000 people are in mandatory quarantine as the government adheres to China's "zero-COVID" policy that aims to stamp out all outbreaks, running counter to a global trend of trying to co-exist with the virus.
Casinos were last shut in Macau in February 2020 for 15 days. The government has previously been hesitant to close casinos due to its mandate to protect jobs. The industry employs most of the population directly and indirectly and accounts for more than 80% of government revenues. Residents will be required to take part in mass COVID-19 tests four times this week. They have already been tested six times since mid-June and are expected to do rapid antigen tests daily.
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